Copenhagen Infrastructure Partners closes $3 billion energy fund

Copenhagen Infrastructure Partners (CIP) has finalized its Growth Markets Fund II (GMF II), raising approximately $3 billion. The fund is designed to finance large-scale energy infrastructure projects across 15 selected middle-income and high-growth markets in Eastern Europe, Asia, and Latin America.

GMF II is roughly triple the size of its predecessor. The fund has already committed $1.6 billion to nine investments, including Chile’s largest independent battery storage project, large-scale solar and battery projects in Mexico, and the Pestera II onshore wind project in Romania. CIP expects to fully commit the fund's capital within one to two years.

CIP, founded in 2012, currently manages 15 funds and has raised approximately €43 billion to date for projects spanning more than 30 countries. While GMF II focuses on growth markets, the firm’s CI V fund targets renewable energy generation and storage in OECD countries across Europe, North America, and Asia Pacific.